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Victor Lee, executive director of TFG Radiant Group, will now serve as Ascent Solar Technologies’ president and CEO. TFG Radiant owns approximately 20% of the outstanding shares of Ascent and this past December agreed to purchase an additional 21% of the outstanding stock in a private transaction. Lee will remain as a board member for the company, but advised that he takes on the roles of president and CEO voluntarily and without any compensation.
Capital Dynamics has invested in a 5.7MW solar project located in Massachusetts. The project will be, according to the company, will be one of the largest solar projects in New England upon its completion, using more than 20,000 solar modules. It will sell the power produced to three investment-grade rated municipal entities under a 20-year net metering credit agreement. Construction is expected to be completed by early this summer.
Schneider Electric has signed on to provide construction services for Hevel Solar’s 130MW factory in Novocheboksarsk, Russia. The company will design and install the in-plant electric power, supply medium and low-voltage equipment and training of the technical personnel in the plant. The plant is expected to be completed in the first quarter of 2012.
Meyer Burger advised that it has appointed Dr. Patrick Hofer-Noser to the company’s newly created position – head of renewable energy systems. Hofer-Noser will oversee the renewable energy systems for Meyer Burger as it continues to expand its efforts in the cleantech energy industry.
The California Public Utilities Commission (CPUC) announced that it has approved a 20-year PPA between Southern California Edison (SCE) and First Solar. The PPA includes solar energy from First Solar’s Silver State Solar Power South project, a 250MW solar project in Clark County, Nevada, which is scheduled to come on line in May 2017. The companies advised that the cost of the deal remains confidential at this time.
PPG Industries advised that its flat glass business in Fresno will be expanding its production capability in order to better allow the manufacturing of the company’s Solarphire PV glass. The move aims to serve solar customers throughout California, the West Coast and even Asia with a faster shipping timeframe.
Dow Corning’s JV polysilicon subsidiary, Hemlock Semiconductor was impacted by overcapacity in 2011. Like major competitor, Wacker sales were lower and demand weakened. Overall, Dow Corning recorded record sales of US$6.43 billion in 2011 while adjusted net income decreased 15% compared to 2010. The company does not breakout polysilicon sales.
Photon International Magazine has awarded Kinglong New Energy (KLNE) an “A” grade for its Sunteams 5000 inverter, which is part of the Sunteams range of 1.5KW to 5KW units.
CPV provider, Alpha-Omega Power Technologies, has announced that Taiwanese company Solapoint has purchased its GEN2 solar simulator.
Taiwan-based crystalline solar cell producer, Neo Solar Power (NSP) reported January 2012 monthly sales of approximately US$22 million (NT $850 million), up from NT $663 million in December.
